Tracking ________ Patterns Can Enable Entrepreneurs to Adjust Their Strategies

question 54

Multiple Choice

Tracking ________ patterns can enable entrepreneurs to adjust their strategies accordingly to better position them to take advantage of the opportunities these trends may create.

• A)population
• B)demographic
• C)weather
• D)traffic

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.

Oral Contract

An agreement between parties spoken out loud and not written down, yet still legally binding under certain conditions.

Memorandum of Agreement

A document outlining an agreement between parties before finalizing a more formal contract, detailing the preliminary terms and conditions.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged.